Brent Thill at UBS raised his Microsoft estimates on early signs of enterprise demand returning. Europe (~35% of revenues) was stronger than expected and key enterprise demand indicators like desktop sales signaled that global enterprise demand is returning. He reiterates his Buy rating and $38 price-target.

Citigroup analyst Walter Pritchard reiterated his Buy rating shares of MSFT, although he cut his price target to $31 as comparisons across the software sector worsen. He expects tablets, cloud computing and online to be the focus of the company's upcoming financial analysts meeting (on July 29). Sentiment is not likely to worsen, and Pritchard sees a solid quarter and the upcoming meeting as a "modest positive catalyst."

The Daily Trader: MSFT Is Cheap With Bullish Sentiment But Expectations Are High (Various) Some opinions on the stock:

Mixed Technical Reviews Are In For Windows Phone 7 Ahead Of Launch (The Wall Street Journal)The critics are mixed on Microsoft's Windows Phone 7. Reviews range from no real innovation to game changer. For Microsoft, which is playing catch-up in the smartphone market, it just has to be good enough to get them into the game. Like Bing. Check out various reviews here.

Can Microsoft Replicate The Success Of Wii? Not Likely (CNBC) For Microsoft's motion-based answer to Nintendo's Wii, Kinect's success is a question of price. The estimated $150 price brought about a lot of criticism. Microsoft is still telling publishing partners it expects to sell five million Kinect devices before the close of its fiscal year. However, at $150 a pop, analysts think the product is doomed.